Aegon NV (NYSE:AEG – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.81 and last traded at $8.80, with a volume of 402278 shares traded. The stock had previously closed at $8.61.
Wall Street Analysts Forecast Growth
AEG has been the topic of several research reports. Citigroup restated a “buy” rating on shares of Aegon in a report on Monday, May 11th. Weiss Ratings upgraded shares of Aegon from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, May 11th. Wall Street Zen downgraded shares of Aegon from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Morgan Stanley downgraded shares of Aegon from an “overweight” rating to an “equal weight” rating in a report on Friday, May 15th. Finally, BNP Paribas Exane initiated coverage on shares of Aegon in a report on Tuesday, April 7th. They set an “outperform” rating and a $10.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Aegon has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.
Read Our Latest Stock Report on AEG
Aegon Stock Performance
Hedge Funds Weigh In On Aegon
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Aegon in the fourth quarter valued at about $33,000. Caitong International Asset Management Co. Ltd boosted its position in Aegon by 321.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,511 shares of the financial services provider’s stock valued at $35,000 after buying an additional 3,440 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Aegon by 299.5% in the third quarter. Parkside Financial Bank & Trust now owns 7,410 shares of the financial services provider’s stock valued at $59,000 after buying an additional 5,555 shares in the last quarter. Quantessence Capital LLC acquired a new position in Aegon in the fourth quarter valued at about $78,000. Finally, Wedmont Private Capital acquired a new position in Aegon in the fourth quarter valued at about $80,000. 4.32% of the stock is currently owned by institutional investors and hedge funds.
Aegon Company Profile
Aegon N.V. is a multinational financial services company headquartered in The Hague, Netherlands, specializing in life insurance, pensions and asset management. Established in 1983 through the merger of AGO and Ennia, Aegon has built a reputation for offering retirement solutions, savings products and protection plans aimed at helping customers secure their financial futures. The company operates under well-known brands, including Transamerica in the United States, and serves both individual and corporate clients.
Throughout its history, Aegon has pursued strategic acquisitions and partnerships to strengthen its market position and broaden its service offerings.
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